498 South Willard Avenue

San Jose, CA 95126

$2,000,000
Last Sold Price
Beds
2,374 Sq. Ft.
$842 / Sq. Ft.
2,374
Sq. Ft.
$842
per Sq. Ft.

Description

Significant price reduction! One of kind, newly remodeled four, separate units! This unique property is one of the highest grossing fourplexes currently on the market. All houses on the property are stand-alone structures and were fully remodeled and completed in 2021. Capital improvements in each unit are ALL NEW (as of 2021) and include kitchens, bathrooms, heaters, lighting, fixtures, flooring, doors, windows, blinds, paint, ceiling fans and more! COMPLETELY REMODELED in 2020 & 2021. Renovations...Significant price reduction! One of kind, newly remodeled four, separate units! This unique property is one of the highest grossing fourplexes currently on the market. All houses on the property are stand-alone structures and were fully remodeled and completed in 2021. Capital improvements in each unit are ALL NEW (as of 2021) and include kitchens, bathrooms, heaters, lighting, fixtures, flooring, doors, windows, blinds, paint, ceiling fans and more! COMPLETELY REMODELED in 2020 & 2021. Renovations include: kitchens, bathrooms, floors, paint, double pane windows, appliances, roofs on units B & C, new or repaired and repainted siding, sealed asphalt parking lot, fenced in patios with pavers and furniture. All units reside on one 10,018 SF. All units are in excellent condition. Property zoned as R3. All units are legal. Approximately one mile from the planned Google Village. Offering Memorandum and reports available.
  1. Listed by Michael Shields • DRE #01327546 • SiliconValley MultiFamilyGroup • 408-356-1900

Property Details for 498 South Willard Avenue

MLS City Name
SAN JOSE
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
7
Cross Street
Scott Street

Location

Listing Courtesy of SiliconValley MultiFamilyGroup, Michael Shields, DRE #01327546

Sold By Intero Real Estate Services, William Chea, DRE #01356171

Add your commute
LISTING UPDATED: 05/11/2022 11:37 AM

Property Details for 498 South Willard Avenue

StatusSold
MLS #ML81874232
Days on Compass78
Taxes$25,973 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1930
Lot Size0.23 AC / 10,077 SF
CountySanta Clara County

Location

Listing Courtesy of SiliconValley MultiFamilyGroup, Michael Shields, DRE #01327546

Sold By Intero Real Estate Services, William Chea, DRE #01356171

Add your commute

Building Information for 498 South Willard Avenue

Stories1Residences4Year Built1930Building Size-Lot Size0.23 AC / 10,077 SF

Payment Calculator

$13,079 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$2,164

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 498 South Willard Avenue

Features
Room Information
  • Kitchen: Appliances - Vary by Unit, Countertop - Solid Surface / Corian, Countertop - Stone, Countertop - Tile, Dishwasher, Exhaust Fan, Microwave, Oven Range - Electric, Oven Range - Gas, Refrigerator, Varies by Unit
Features
  • Amenities: None
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Laundry: Washer/Dryer - Some Units
  • Living SqFt: 2374
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public, Sewer Connected, Sewer in Street
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public, Water On Site
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Common Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Central San Jose
  • Roof: Shingle
  • Stories: 1.0
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 498
  • Street Name: Willard
  • Street Direction Prefix: South
  • Street Suffix: Avenue
  • Area ID: 9
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 4
  • Structure SqFt: 2374
  • Structure SqFt Source: Assessor
  • Age: 92
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: R3
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 277-19-001
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95126
  • Elementary School: 381
  • Elementary School District: 482
  • Middle School Text: Herbert Hoover Middle
  • High School District Text: San Jose Unified
  • High School Text: Abraham Lincoln High
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .23
  • Lot Description: None
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
Building Information
  • No Of Leased: 3
General Information
  • Annual Tax Amount: $25,973
  • Building Unit Total: 4
  • Capitalization Rate: 4.47
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 5
Income / Expense Details
  • Expense Insurance: $2,863
  • Expense Landscape: $0
  • Expense Maintenance: $725
  • Expense Management: $0
  • Expense Trash: $1,679
  • Expenses Other: $0
  • Expenses Utility: $1,941
  • Expenses Total: $33,181
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities
  • Gross Rent Multiplier: 15.50
  • Income Annual Gross: $122,436
  • Income Annual Rental: $128,880
  • Income Gross Scheduled: $128,880
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $3,195
Unit 2 Information
  • Unit 2 Approx Square Footage: 272
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 0
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,850
Unit 3 Information
  • Unit 3 Approx Square Footage: 720
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Half Bathrooms: 0
  • Unit 3 Number of Bedrooms: 3
  • Unit 3 Rent: $3,195
Unit 4 Information
  • Unit 4 Approx Square Footage: 576
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Half Bathrooms: 0
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,500
Unit Type 1
  • Unit Type1 Approx SqFt: 809
Listing Info
Rental Info
  • Lease Type: Net

Property History for 498 South Willard Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 498 South Willard Avenue

Taxable ValueLand$1,530,000Additions$510,000Total$2,040,000
Tax Record2023$24,617 ($2,051 / month)
Home Facts
Total Finished SqFt2,374 SqFtAbove Grade Finished SqFt2,374 SqFtStories1Lot Size10,018 SqFtStyleDuplexYear Built1930ZoningR3CountySANTA CLARAAPN277-19-001Fireplace TypeHas Fireplace

Schools near 498 South Willard Avenue

This home is within San Jose Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 11 to 12
Rating
School
Distance
Merritt Trace Elementary School
PublicK to 5

Herbert Hoover Middle School
Public6 to 8

Abraham Lincoln High School
Public9 to 12

Middle College High School
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SiliconValley MultiFamilyGroup, Michael Shields, DRE #01327546

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.